Hopwood Financial Services Inc. Makes New $8.45 Million Investment in iShares MSCI ACWI ex U.S. ETF $ACWX

Hopwood Financial Services Inc. purchased a new stake in iShares MSCI ACWI ex U.S. ETF (NASDAQ:ACWX) during the first quarter, Holdings Channel.com reports. The institutional investor purchased 123,444 shares of the company’s stock, valued at approximately $8,452,000. iShares MSCI ACWI ex U.S. ETF makes up about 5.7% of Hopwood Financial Services Inc.’s portfolio, making the stock its 5th largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. Scarborough Advisors LLC bought a new stake in iShares MSCI ACWI ex U.S. ETF in the first quarter valued at approximately $7,692,000. Parallel Advisors LLC raised its holdings in iShares MSCI ACWI ex U.S. ETF by 8.5% during the 1st quarter. Parallel Advisors LLC now owns 15,100 shares of the company’s stock worth $1,034,000 after purchasing an additional 1,184 shares during the last quarter. Koss Olinger Consulting LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 1st quarter worth approximately $81,777,000. GatePass Capital LLC acquired a new position in shares of iShares MSCI ACWI ex U.S. ETF in the 1st quarter worth approximately $925,000. Finally, German American Bancorp Inc. boosted its stake in shares of iShares MSCI ACWI ex U.S. ETF by 4.1% in the 1st quarter. German American Bancorp Inc. now owns 1,677,698 shares of the company’s stock valued at $114,872,000 after purchasing an additional 65,595 shares during the last quarter.

iShares MSCI ACWI ex U.S. ETF Stock Down 0.4%

ACWX opened at $73.74 on Tuesday. iShares MSCI ACWI ex U.S. ETF has a twelve month low of $59.67 and a twelve month high of $77.58. The company has a fifty day moving average of $75.47 and a 200-day moving average of $72.66. The stock has a market cap of $11.27 billion, a PE ratio of 16.03 and a beta of 0.77.

iShares MSCI ACWI ex U.S. ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $0.8524 dividend. The ex-dividend date was Monday, June 15th.

About iShares MSCI ACWI ex U.S. ETF

The iShares MSCI ACWI ex U.S. ETF (ACWX) is an exchange-traded fund that is based on the MSCI AC World ex USA index. The fund tracks the performance of a market-cap-weighted index of international stocks. It captures 85% of the publicly available market, thus excluding small-caps. ACWX was launched on Mar 26, 2008 and is managed by BlackRock.